Frequently Asked Questions
Everything you need to know about buying luxury goods abroad and saving money on designer brands.
Which country is the cheapest for buying luxury goods?
Generally, France is the cheapest for French luxury brands (Chanel, Louis Vuitton, Dior, Hermès) due to lower base prices and 12% VAT refund for tourists. Italy is best for Italian brands (Gucci, Prada). Japan can be very cheap when the Yen is weak. Use WiseBuy to compare real-time prices before your trip.
How much can I save buying luxury goods abroad?
Savings typically range from 10% to 40% depending on the brand, product, and countries compared. For example, a Chanel bag priced at $10,000 in the US might cost €8,500 in France (~$9,200), plus you can get a ~12% VAT refund, bringing the total to around $8,100 - a savings of nearly $1,900.
What is VAT refund and how do I claim it?
VAT (Value Added Tax) is a sales tax included in prices in most countries. As a tourist, you can claim this back when you leave the country. To claim: 1) Ask for a tax-free form when purchasing, 2) Keep your receipt and item unused, 3) Visit the tax refund counter at the airport before departure, 4) Get your forms stamped and collect your refund. Refund rates range from 7% to 15%.
Is it cheaper to buy Chanel in France?
Yes, Chanel is typically 15-25% cheaper in France compared to the US or Asia. France is Chanel's home country, so prices are set lower. Additionally, tourists can claim a ~12% VAT refund.
Is it cheaper to buy Louis Vuitton in France?
Yes, Louis Vuitton is generally cheapest in France, its home country. Prices are 10-20% lower than in the US or Asia, and you can get a VAT refund of around 12%.
Should I buy luxury goods in Japan?
Japan can offer excellent deals, especially when the Yen is weak. You get a full 10% tax refund, excellent customer service, and guaranteed authenticity. Check the current exchange rate using WiseBuy.
Can I get a tax refund in the UK?
Unfortunately, since Brexit (January 2021), the UK no longer offers VAT refunds to tourists. However, if the British Pound is weak, you might still find good deals on British brands like Burberry.
What's the best time to buy luxury goods abroad?
The best time depends on currency exchange rates and sales seasons. Private sales in France (January and July) can offer 30-50% off. Watch exchange rates - a 5% swing can save hundreds of dollars.
Are luxury goods at airports duty-free?
Airport duty-free shops may not always be cheaper than city stores. They skip local taxes but often have higher base prices and limited selection. Compare prices before assuming duty-free is the best deal.
How do I know if luxury goods abroad are authentic?
Always buy from official brand boutiques or authorized department stores (Harrods, Galeries Lafayette, Isetan, etc.). Keep your receipt as proof of authenticity. Avoid street vendors or deals that seem too good to be true.